US 30-Year Treasury Yield Hits Highest Since 2007 at 5.33%
US Treasury yields are climbing across the curve, with the 30-year bond yield reaching 5.33%, the highest since 2007. Fiscal concerns and doubts over Fed independence are driving the move.
US Treasury yields continued to rise across the curve this week. The 30-year Treasury bond yield reached 5.33%, its highest level since 2007 during the global financial crisis.
Investors are focusing on fiscal concerns and doubts about Federal Reserve independence. Longer-dated yields are leading the move higher, suggesting markets are demanding more compensation for policy and fiscal risk.
Source: FXStreet Forex News